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Real estate developers are planning to build a “city within a city” at the Southland Mall site in Cutler Bay.

Developer Electra America, its U.S. affiliate American Landmark, and BH Group this week announced preliminary plans to redevelop the 80-acre site 20 miles south of Miami.

The site was acquired in May for more than $100 million.

Plans for the billion-dollar project, to be called Southplace City Center, include revamping the mall and adding nearly 4,400 apartments, a grocery store, a 150-room hotel, medical office space, an amphitheater and walk/bike paths at the site.

The proposal has been submitted to the town. The developers said their plans meet code and that they won’t seek any special approvals.

The developers plan to break ground next year. Apartments could be ready in early 2025, with rents starting at $2,500.

 

Source:  AXIOS Miami

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Orlando Health unveiled plans to reimagine its current Seminole County campus as a healthcare hub in downtown Longwood, anchored by a new free-standing emergency department (FSED).

Plans call for the FSED to be built and ready to serve the community in the summer of 2024, concurrent with the closure of Orlando Health South Seminole Hospital and the opening of the new Orlando Health Lake Mary Hospital.

Leaders at Orlando Health and officials with the City of Longwood are working together to create a destination for residents that complements the redesigned Reiter Park. The current campus is envisioned to include a 15-acre town center for the City of Longwood comprising a high-quality mix of multi-family residential, retail and office uses.

“We’re very proud of our nearly 40-year history here in Longwood as a hospital caring for so many people in our community and as one of the largest employers in the area,” says Shawn Molsberger, senior vice president of Orlando Health’s northeast region and president of Orlando Health South Seminole Hospital. “Working closely with the city, we’re making an investment into our community that allows us to continue providing a high level of care while bringing in new amenities that will further enhance the quality of life for Longwood residents.”

Most of the Longwood campus will be redeveloped, leaving two existing medical office buildings to continue offering important services such as cardiology, pulmonology, rehabilitation, general surgery, infectious disease, and urology. Plans are also underway to relocate behavioral health services at South Seminole Hospital to a new Central Florida location, where Orlando Health will develop a new dedicated facility to allow for greater access to clinical mental health services. An announcement on the new behavioral health project is expected soon. Construction on the new Longwood FSED is expected to begin in early 2023.

 

Source:  Orlando Health

ALF at 6700 W. Commercial Blvd. in Lauderhill

The Lenox on the Lake assisted living facility in Lauderhill sold to a Miami company for $19.19 million.

GREA Properties Lauderhill LLC, managed by Matan Ben-Aviv of Hollywood-based Ganot Capital, sold the 127-unit assisted living facility at 6700 W. Commercial Blvd. It was purchased by 6700 W. Commercial LLC, an affiliate of Miami-based RSR Senior Residences.

VNB New York provided a $19.25 million mortgage to the buyer, with the loan covering both the real estate and the costs of operating the business.

The price equated to $151,102 a unit.

 

Source:  SFBJ

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An assisted living facility in Hialeah could be replaced with a larger, more modern assisted living facility.

The City Council on Sept. 13 will consider a rezoning application for 0.77 acres covering 141 W. 27th St., plus 130-160 W. 28th St. The five small apartment buildings there are owned by 140 LLC, which is owned by Abraham Shaulson, the head of Miami-based assisted living facility operator Millennium Management.

The 52,912-square-foot assisted living facility at 195 W. 27th St. is directly west of the properties with the pending rezoning and is also owned by an affiliate of Millennium Management. It was built in 1950.

Under the application, the neighboring five lots would be rezoned from “medium density residential” to “major institutions.” That would mean Millenium Management would control 2.4 acres zoned for assisted living.

 

Source:  SFBJ

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The University of Miami broke ground on a 363,000-square-foot outpatient health care facility at the SoLé Mia project in North Miami.

The nonprofit university’s UHealth first announced plans to build a medical center within the 184-acre development in 2019, but the challenges of the Covid-19 pandemic delayed the project. Now, UHealth is moving forward with construction of the 7-story facility, which is slated to open in 2025.

This will be the largest ambulatory health care facility for UHealth, even larger than the Lennar Foundation Medical Center on its Coral Gables campus.

Situated on 10 acres, UHealth SoLé Mia will have 110 exam rooms, 10 operating rooms, 33 cancer treatment rooms, a reflection garden, and a bridge to a neighboring hotel. The site has space for an additional 100,000 square feet for future expansion.

Specialists from UM’s Sylvester Comprehensive Cancer Center, Bascom Palmer Eye Institute, Desai Sethi Urology Institute and other specialty programs will work out of the new facility. It will offer outpatient surgeries, those where patients can be operated on and released within a day.

This comes amid a wave of expansion for UM’s health care programs. It broke ground on a $250 million cancer center expansion in June. It also plans a major outpatient care facility in Downtown Doral.

 

Source:  SFBJ

Southpoint Surgery Center-Jacksonville

Capital Real Estate Group – U.S. Healthcare Investment Sales (CREG) has brokered the sale of Southpoint Surgery Center, a 34,029-square-foot medical office building in Jacksonville.

An unnamed REIT purchased the property for $18.6 million. CREG represented the undisclosed seller in the transaction.

Southpoint Surgery Center is anchored by Ascension St. Vincent (ASC), a healthcare system in Northeast Florida. The first floor of the property houses the surgery center and the second and third floors are leased to Florida Eye Specialists.

Southpoint Surgery Center is located adjacent to the 309-bed hospital campus of ASC’s Medical Center Southside, an affiliate of Ascension Health.

 

Source:  RE Business

 

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Sunrise Senior Living obtained a $45.77 million construction loan to build an assisted living facility in Coral Gables.

Regions Bank provided the mortgage to Sunrise of Coral Gables Propco LLC, an affiliate of McLean, Virginia-based Sunrise Senior Living. It covers the 23,469-square-foot site at 1000 Ponce de Leon Blvd.

The developer purchased the land for $8.1 million in 2019 and subsequently demolished an office building.

Designed by Coral Gables-based Behar Font & Partners, the six-story project will feature 94 rooms with 118 beds of assisted living. Amenities would include a lounge, an entertainment room, activity rooms, a rooftop garden, a hair salon, a dining room and a staff kitchen.

 

Source:  SFBJ

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Site work has begun on a new 87-acre medical complex in Panama City Beach, Fla., that will include an ASC, facilities for orthopedic surgery and cardiology, a hospital, urgent care and primary care, according to an Aug. 29 report from the Panama City News Herald.

The center is being built through a partnership between Tallahassee (Fla.) Memorial Healthcare, Tallahassee-based Florida State University and St. Joe Company, a developer.

The hospital building was originally slated to open with 30 to 40 inpatient beds, before expanding to 100 down the line, but due to demand, the facility may need all 100 beds now, according to the report.

The medical office building on the currently-unnamed campus is expected to open sometime in 2024, with the hospital set to open in 2027.

“There’s a lot of great hospitals in this area, but [they] are a distance away,” Andrew Starr, chief health operations officer at Tallahassee Memorial Healthcare, told the Herald. “That [creates] a real opportunity [for this campus], and also a situation that needs to be bridged as you have more and more citizens moving into this immediate area and the surrounding areas. Having a healthcare infrastructure to further support the growth and population is not a want, it’s a need.”

 

Source:  Becker’s ASC Review

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SRS Real Estate Partners has brokered the sale of a single-tenant, 75-bed skilled nursing facility located at 13960 Plantation Road in Fort Myers.

An entity doing business as Plantation Medical Center SNU LLC sold the property to a private 1031 investment firm based in New York City for $46.7 million. Patrick Nutt and William Wamble of SRS’ National Net Lease Group represented the seller in the off-market transaction, and Jason Maier of Stan Johnson Co. represented the buyer.

Built in 2018, the 57,650-square-foot property is situated adjacent to the Gulf Coast Medical Center and is occupied by Lee Memorial Health System’s Gulf Coast Medical Center Skilled Nursing Unit. Lee Memorial Health System has 16 years remaining on its lease term with options to extend, according to SRS.

 

Source:  RE Business

 

 

 

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Diagnostic Center for Women, a Femwell Group Health Company, inked a renewal and expansion encompassing over 28,711 square feet at 7500 Sw 87th Ave. in Miami.

Affiliated with TopLine MD Health Alliance, the Diagnostic Center for Women provides essential mammography, ultrasound, and biopsy services and has additional locations in North Miami, Boca Raton, and Pembroke Pines.

Situated in Galloway Medical Park 1, the medical group has more than 65 employees and is located within the desired Kendall suburban market, just minutes from other specialty physicians and Baptist Hospital’s Kendall Campus.

Healthcare real estate is often referred to as recession proof, and as many industries reduce their commercial footprint, medical groups and physicians are betting big. In fact, in 2022, investors have allocated 57% more capital to healthcare real estate when compared to 2021, according to World Property Journal.